Ferrexpo is an iron ore pellet producer. Co. produces, develops and markets its product for sale to the metallurgical industry. Co. operate two mines and a processing plant near Kremenchug in Ukraine, and an interest in a port in Odessa. Co. also owns logistics assets in Austria which operate a fleet of vessels operating on the Rhine and Danube waterways and an ocean-going vessel. Co.'s operations are integrated from iron ore mining through to iron ore concentrate and pellet production and subsequent logistics. Co.'s mineral properties lie within the Kremenchug Magnetic Anomaly and are being extracted at the Gorishne-Plavninskoye and Lavrikovskoye and Yeristovskoye deposits.
  • TickerFXPO
  • ISINGB00B1XH2C03
  • ExchangeLondon Stock Exchange
  • SectorIndustrial Metals & Mining
  • CountryUnited Kingdom

Analysts

BCS Equity Daily: Ferrexpo, Alrosa, Yandex

Awaiting drivers as earnings season begins Ahead: Investors look to the terms of the US-China trade deal. As earnings season begins and geopolitical unrest eases, investors await the terms of the US-China Phase 1 deal – some may be overoptimistic as to their prospects, albeit US removing China from its list of currency manipulators is a good sign. In macro data, US CPI for December is released today. US up, Asia mixed. US (S&P 500 +0.70%, DJIA +0.29%, NASDAQ +1.04%). Asia this morning (Hang Seng -0.85%; Shanghai -0.21%, Nikkei +0.11%). S&P 500 Futures (+0.02%), Brent futures this morning $6...

Philip Morrish

Value Indicator - UK Basic Resources 30122019

Currently '(TM)Value Indicator - UK basic resources' is a value analysis fof the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 30122019

Currently '(TM) Value Indicator - Main Market' is a value analysis of the Basic Resources, Construction & Materials, Telcoms and Utilities sectors of quoted companies on The London Stock Exchange's Main market that provides the user with indicative long-term trading indicators and indicative target prices. The publication is also available on request at

Philip Morrish

Value Indicator - UK Basic Resources 23122019

Currently '(TM)Value Indicator - UK basic resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 23122019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term tagrte prices.

Roger Bade

Thermal Coal - Baby its cold outside!

For the time being, bearishness, coming from various institutional climate change pressures will have to wait, as the cold weather in the northern hemisphere is driving thermal coal prices. Firm oil & gas prices aren't doing any harm either.

Ferrexpo plc: Update following change in outlook to positive from stable

A detailed rationale for Ferrexpo’s rating reflecting solid business fundamentals, moderate leverage and adequate liquidity profile, albeit constrained by Ukraine's country ceiling

Moody's announces completion of a periodic review of ratings of Ferrexpo plc

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Ferrexpo plc. Global Credit Research- 13 Dec 2019. London, 13 December 2019-- Moody's Investors Service has completed a periodic review of the ratings of Ferrexpo plc and other ratings that are associated with the same analytical unit.

Moody's changes Ferrexpo's outlook to positive; affirms B3 rating

Rating Action: Moody's changes Ferrexpo's outlook to positive; affirms B3 rating. Global Credit Research- 10 Dec 2019. London, 10 December 2019-- Moody's Investors Service today changed the rating outlook of Ferrexpo plc to positive from stable.

Ferrexpo plc - December 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Ferrexpo plc: Ferrexpo’s B3 stable rating unchanged despite recent corporate governance challenges

Recent resignations of auditors and independent non-executive directors amid unresolved audit matters raise concerns over group's corporate governance

BCS Equity Daily: Ferrexpo, Alrosa, Yandex

Awaiting drivers as earnings season begins Ahead: Investors look to the terms of the US-China trade deal. As earnings season begins and geopolitical unrest eases, investors await the terms of the US-China Phase 1 deal – some may be overoptimistic as to their prospects, albeit US removing China from its list of currency manipulators is a good sign. In macro data, US CPI for December is released today. US up, Asia mixed. US (S&P 500 +0.70%, DJIA +0.29%, NASDAQ +1.04%). Asia this morning (Hang Seng -0.85%; Shanghai -0.21%, Nikkei +0.11%). S&P 500 Futures (+0.02%), Brent futures this morning $6...

BCS Equity Daily: Gazprom, Transneft, Petropavlovsk, Ferrexpo, Moscow Exchange

Down, but not out yet Ahead: Sustained decline still a question, but caution likely to win out. As stocks tremble before ‘Tariff Man’ Trump’s latest bluff to wait the Chinese out (or at least make the current difficulties seem all part of the plan), how far the downward trajectory will take us is still a question for debate. Indeed, as the local market succumbs further to global pessimism, investors may see potential opportunities in otherwise fundamentally solid stocks. That said, the possibility of a sustained decline will still behoove caution and another of Trump’s ‘trade talks going well...

Research Team

The Rear-View Mirror – EME markets: Only Polish WIG20 in the red in November

EME Equity Market – November 2019 Market performance – the weakest performance in November was recorded by the Polish WIG20 Index, in both EUR- and PLN-terms (-2.9% mom and -1.6% mom, respectively). While the MSCI Index lost 0.4% in local currency terms, it gained 0.8% in EUR terms. With the exception of Poland, all the other indices recorded a positive performance, with the Turkish ISE30 gaining 8.9% (EUR terms) over the month. The BET Index was the second-best performer, increasing by 3.2%, followed by Prague’s PX Index (2.7%, EUR terms) and the Russian MOEX (2.3%, EUR terms). Athens gained ...

Andy Jones ...
  • Pawel Wieprzowski, PhD

EMEA Steel Sector: Inflexion point – buy the dip (NLMK and Erdemir upgraded to BUY; MMK and FXPO stay BUY; EVRAZ downgraded to HOLD; SVST stays HOLD)

The EMEA steel sector has sold off significantly in the past five months as steel prices declined, before a USD 30/t rally in Black Sea export prices in the last month. However, if spot prices remain, there is still potential downside in the sector as spot valuations remain stretched (5.6-6.6x 2020E EV/EBITDAs, 6.1-10.6% dividend yields for the Russians, 12.9x and 3.6% for Erdemir) and we would not rule out a further short-term correction. However, we expect regional steel prices to recover. With organic growth measures, this should result in 26-76% growth in EBITDA between 2020E and 2024E, re...

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior